Texas Homestead Exemptions
In Texas, you can declare a property as your homestead and receive a reduction in your property taxes because a portion of the property value is removed from the valuation.
All Texas homeowners may apply for this exemption of $25,000.00 of the property value from taxation.
To qualify for the exemption, you must:
1) Own the home, and it must be your principal residence on January 1st of the year for which you are applying;
2) Apply between January 1st and April 30th of the year the exemption is granted.
3) Complete and submit the Application for Residential Homestead Exemption. For Wise County, Texas, obtain the application from:
Wise County Appraisal District
400 East Business 380
Decatur, TX 76234
940.627.3081
www.co.wise.tx.us
Important note: The address on the applicant’s Driver’s License or Identification Card MUST match the homestead address, and you can only have the homestead exemption on one property at a time.